Total Nigeria Announces Interim Dividend of N1.36 billion for H1 2021

Total Nigeria Plc's Board of Directors has declared an interim dividend of N4.00 per ordinary share of 50kobo for the period ended June 30, 2021.

The company disclosed in a notice filed with the Nigerian Exchange Group Limited (NGX) that the dividend will be paid on the 13th of September, 2021, to all qualified shareholders whose names appear on the Register of Members as of 13th of August, 2021.

Other qualifying conditions include the completion of the e-dividend registration and the authorization of the Registrar (CardinalStone Registrars Limited) to pay the dividends directly into the respective shareholder’s bank account.

Consequently, the Register of Shareholders will be closed from Monday, August 16, 2021, to Friday, August 20, 2021. In the same vein, the energy giant scheduled its qualification date for August 13, 2021.

The company's recent dividend declaration is a major boost for shareholders compared to last year and is an indication that the firm has returned to the profit path. In the same period of last year, the firm did not declare any interim dividend due to its unfavourable financial standing at that time.

Total Nigeria Plc reported an impressive result in the 2021 half-year period. The energy firm’s revenue in the aforementioned period stood at N151.3 billion as against N106.7 billion recorded in the corresponding period of 2020, indicating an increase of about 42% Year-on-Year.

Similarly, the firm reported a profit after tax of N8.07 billion in June 2021 as against a loss of N537.19 million incurred in June 2020, indicating a whopping1,601% Year-on-Year increase. Other key financial metrics such as Earnings per Share, Dividend per Share, etc., all recorded massive boosts.